Brokers, it’s time to accelerate your business with DocuSign

Mollie Carmichael has the latest trends in new home marketing strategies to help you tell a compelling story that speaks to the needs and dreams of your home buyers. Watch the “Survive and Thrive: Sales and Digital Marketing Strategies” webinar replay below to learn more.

As a real estate agent, you've probaby used more than one vendor to grow your real estate business. And while their individual services may be great, the additional invoices you pay to multiple vendors, decrease you might see in productivity, and your skyrocketing blood pressure is not.

Time is one of the critical components to completing a successful construction project. Critical Path Method (CPM) scheduling has long been a key process in managing time on a project. A byproduct of the CPM scheduling process is float, an often debated topic, particularly who has the right to use or control the float - who owns the float. The focus of this material will be on float ownership. A brief overview of CPM scheduling will be provided, including a more detailed explanation of what float is and how it is calculated. Various possibilities for the ownership of float will be presented and discussed. Actual contract provisions relating to float ownership will be presented and reviewed. The opinions of the courts from several cases involving the question of float will be provided and discussed. In conclusion, you will have a better understanding of what float is and its place in CPM scheduling.

Under a letter of credit, a financial institution agrees to honor a demand for payment made by a beneficiary at an applicant's request. LCs are used in various real estate transactions: to support an underlying performance obligation such as construction, or instead of cash when, for example, an escrow is required under a mortgage loan or a security deposit is required under a lease. There are two types of LCs--commercial and standby--both follow specific rules, forms, and procedures dictated by the UCC, ISP98, or UCP. Counsel must draft and review LCs compliant with these rules and procedures and know the roles of the applicant, issuer, and beneficiary in issuing and drawing upon LCs. Counsel should also understand the different uses for LCs and how to tailor LCs to each transaction, including expiry dates and "evergreen" clauses, whether the LC should be transferable or not transferable, and whether single or multiple draws will be permitted. Listen as Buddy Baker, Vice President at Investment Banking Division, Goldman Sachs Bank USA discusses negotiating and drafting the critical terms in LCs and provides guidance through the annotated ISP98 forms. The panel will highlight using LCs in various real estate transactions and issues in making draws on LCs. The panel will also discuss alternative credit enhancements such as surety bonds and credit insurance and the advantages and disadvantages of each.